Barclays is in exclusive talks with private equity firm CVC Capital Partners to sell its iShares business, Dow Jones Newswires reports. The price being discussed is GBP 3 billion ($4.29 billion). The deal is expected to be completed by the end of the week and does not include the securities lending business.

Barclays would receive warrants equivalent to 20 percent in iShares, according to the report. 

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